https://www.taxtmi.com/caselaws?id=767732 The ITAT Hyderabad remanded the matter to CIT(A) for fresh adjudication regarding deduction under Section 80IC. The tribunal held that while the assessee company may be eligible for 100% deduction following substantial expansion as per Supreme Court precedent in Aarham Softronics, the CIT(A) failed to verify cumulative satisfaction of pre-conditions for claiming modified deduction. Despite the AO allowing enhanced deduction in the preceding year, proper verification of statutory requirements remained necessary. Both revenue's appeal and assessee's cross-objection were allowed for statistical purposes, with directions for CIT(A) to re-examine compliance with Section 80IC(2)(a)(ii) conditions. en-us Fri, 21 Mar 2025 00:00:00 +0530 Mon, 24 Mar 2025 08:45:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767732 The ITAT Hyderabad remanded the matter to CIT(A) for fresh adjudication regarding deduction under Section 80IC. The tribunal held that while the assessee company may be eligible for 100% deduction following substantial expansion as per Supreme Court precedent in Aarham Softronics, the CIT(A) failed to verify cumulative satisfaction of pre-conditions for claiming modified deduction. Despite the AO allowing enhanced deduction in the preceding year, proper verification of statutory requirements remained necessary. Both revenue's appeal and assessee's cross-objection were allowed for statistical purposes, with directions for CIT(A) to re-examine compliance with Section 80IC(2)(a)(ii) conditions. Case-Laws Income Tax Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767732